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☆ Why don't many executives take pay cuts to avoid layoffs? An ex-Microsoft HR VP explains.
▼ + stars: | 2024-02-01 | by ( Chris Williams | ) www.businessinsider.com time to read: +6 min

The executives in charge never seem to pay a price for the pain they cause, and here are several reasons why. AdvertisementFor these companies, cutting 10,000 employees saves them in the neighborhood of a billion dollars a year in costs. More importantly, boards see handcuffing the executive to the stock price roller coaster as a good thing. If they take action that increases the company's value and its stock price, everyone wins. The difference then is the stock package and the stock price — just what the boards of these companies want.

Persons: —, there's, I've, Google's Sundar Pichai, Satya Nadella, it's, Sundar, you'll, They're, Sundar Pichai, Tim Cook, Chris Williams Organizations: Service, Microsoft, Business, Apple

PEBBLE BEACH, Calif. (AP) — Patrick Cantlay has spent about as much time on the phone as the golf course this week as a PGA Tour board member trying to nail down a deal for a $3 billion investment. It didn't seem to affect his day job at the AT&T Pebble Beach Pro-Am. Torrey Pines winner Matthieu Pavon had the best round at Pebble Beach, closing with four birdies over the last five holes for a 65. He became the first amateur in 33 years to win on the PGA Tour two weeks ago. In his pro debut, Dunlap opened with a 76 at Pebble Beach.

Persons: — Patrick Cantlay, Cantlay, Thomas Detry, Detry, Matthieu Pavon, Rory McIlroy, LIV, McIlroy, “, ” McIlroy, ” Detry, ” Cantlay, LIV Golf, Rickie Fowler, Rory, ”, ” Fowler, Nick Dunlap, Dunlap Organizations: Tour, Torrey Pines, PGA Tour, Hollywood, NFL, Saudi, Strategic Sports Group, SSG, Public Investment Fund, American Express, U.S, Amateur, PGA Locations: Calif, Spyglass, Belgium, Saudi, Pebble

☆ More people need transplants than there are organ donors. Pigs might offer a solution
▼ + stars: | 2024-01-30 | by ( Jen Christensen | ) edition.cnn.com time to read: +23 min

The need for more transplant organs is immense and growing. Researchers have transplanted genetically modified pig kidneys and hearts into people who were brain-dead to test whether they work in humans. Although Larry Faucette was too sick for a human heart transplant, University of Maryland doctors said he seemed physically strong enough for a genetically modified pig heart. It was more than a decade after the first heart transplant but long before such procedures became relatively routine. “We learned that the pig heart is an adequate substitute for a human heart.

Persons: Lawrence Faucette, Ann, he’d, ” Ann, Larry Faucette, Ann Faucette Ann, Larry, didn’t, ”, Robert Montgomery, “, Shelby Lum, ” Montgomery, Xenotransplantation, Art Caplan, Caplan, Babe ”, ” Caplan, They’re, eGenesis, people’s, Dr, Mike Curtis, Sanjay Gupta, ” Curtis, hasn’t, Julie O’Hara, Jim Parsons, Jayme Locke, couldn’t, Locke, Parsons, NYU —, Montgomery —, O’Hara, ” Locke, David Bennett Sr, Mary, David Jr, Bartley Griffith, Bennett, they’ve, Muhammad M, Mohiuddin, Larry Faucette’s, David Bennett’s, ” Griffith, xenotransplantation Ann Faucette, Wilbur, White’s, Ann Faucette, NYU ethicist Caplan, they’re, NYU’s Montgomery, UAB’s Locke, Steve Wood, ’ Curtis, “ I’m, it’s, ” O’Hara, Bennett’s, Larry Faucette —, ” Bennett’s, Faucette, who’d, Griffith, would’ve, Kate, Lucy, Nadia Kounang Organizations: CNN, Food and Drug Administration, University of Maryland, FDA, National Institute of Allergy, NYU Langone Transplant Institute, NYU Langone's Transplant, NYU Grossman School, Medicine’s Department of Population Health, “ Disney, University of Alabama, Transplant Institute, Parsons Family, Birmingham, NYU, University of Maryland School of Medicine, Doctors, University of Maryland Medical Center, Uno, UAB, CNN Health, NFL Locations: Frederick , Maryland, United States, Montgomery, “, Midwest, Yucatan, Maryland

☆ This upgrade can perk up your eating in the new year
▼ + stars: | 2024-01-29 | by ( Casey Barber | ) edition.cnn.com time to read: +6 min

What’s a grocery upgrade? bhofack2/iStockphoto/Getty ImagesI consider a grocery upgrade to be a small splurge, not a big investment. Here are some examples of how I upgrade my grocery list when I need a pick-me-up. It’s my least favorite winter task, so I choose to reward myself with a grocery upgrade for getting the job done. Canned clams are a pantry staple for me as well since I love to keep them on hand for a quick dinner of one-pot clam pasta and clam chowder.

Persons: it’s, I’ve, I’m, Mikhail Rudenko, I’ll, there’s, Casey Barber Organizations: CNN Locations: crumbly Vermont, Thai

☆ Jake Johnson Likes to Play the Hollywood Game, Especially When It Changes
▼ + stars: | 2024-01-27 | by ( Kathryn Shattuck | ) www.nytimes.com time to read: +1 min

If you were bored enough — a stultifying job, living with Mom after a bad breakup — you, too, might climb into a mysterious limo carrying Andy Samberg. You might even consider the offer: outwit assassins for 30 days and win $1 million. It’s a risk that Tommy, played by Jake Johnson, is willing to take in “Self Reliance,” the dark comedy on Hulu that he also wrote and directed. Johnson, 45, was antsy during the pandemic when he decided the time for this project was now. “You should take chances and experiment.

Persons: Andy Samberg, Tommy, Jake Johnson, Johnson, ”, ” Johnson, Anna Kendrick, Samberg Organizations: ” Locations: Pasadena, Calif

☆ The future of the American amusement park in a Disney, Universal dominated world of thrills
▼ + stars: | 2024-01-27 | by ( Kevin Williams | ) www.cnbc.com time to read: +14 min

Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits. Coney's closing ended an era for Cincinnati-based theme park consultant Dennis Speigel. And there's an underlying rationale for the deal related to what's occurred on the national theme park landscape in recent decades. watch nowA more consistent ride at Cedar Fair Comparatively, Cedar Fair has seen its attendance decline from 22.9 million visitors in the first nine months of 2019 to 20.9 million in 2023. "Disney and Universal have theme parks in several global markets and are considered destination resorts," Baker said.

Persons: Eric Thayer, Knotts, Looney, Richard Zimmerman, Selim Bassoui, Universal, Dennis Speigel, Speigel, Don Helbig, Helbig, Zimmerman, Bassoul, David Katz, Jeffries, It's, Katz, Salim, Berry, Stifel, Carissa Baker, Baker, Dallas restauranteur Shannon Wynne's, Wynne, Wynne's, Angus, Louis, Texans haven't, hadn't, Elizabeth Ringas, Ringas, it's Organizations: Bloomberg, Getty, Disney, Comcast's, Cedar Fair, Flags, Looney Tunes, Marvel, Cedar, Department of Justice, Fair, Dominion, Universal, Google, Dell, Six, Revenue, Cedar Fair Entertainment, Six Flags Entertainment Corp, Getty Images Bloomberg, SIX, University of Central, SeaWorld, Paramount Parks, Premier Parks for Six, Seaworld, Dallas, Texans, American, Enthusiasts, Comcast, CNBC Locations: Valencia , California, Florida, Cincinnati, Coney Island, York, Coney's, Coney, Kings, Virginia, New York, North America, Buena Park , California, Americas, University of Central Florida, Texas, Dallas, Greater Atlanta, St

☆ BrightSpring debut is the latest rough spot for this year's sluggish IPO market
▼ + stars: | 2024-01-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

On Friday, BrightSpring Health Services, a home and community-based healthcare services provider, went public on the Nasdaq, pricing 53.3 million shares at $13, below the price talk of $15-$18. The company originally filed in October 2021 but pulled the deal, according to Renaissance Capital. Kaspi.kz, a Kazakhstan-based "super-app," went public last week and is still trading slightly below its initial offering price of $92. After two ugly years, big hopes for 2024 The IPO market has been on a roller-coaster ride for the last several years. The Nasdaq is off to a strong start, up nearly 3% this month heading into Friday, but the Renaissance Capital IPO ETF (IPO), a basket of recent debuts, is down 8%.

Persons: homebuilder, Douglas, Matt Kennedy Organizations: BrightSpring Health Services, Nasdaq, Renaissance, Douglas Homes, NYSE, Renaissance Capital, Arm Holdings Locations: Kazakhstan

Melanie, the singer-songwriter who rose through the New York folk scene, performed at Woodstock and had a series of 1970s hits including the enduring cultural phenomenon “Brand New Key," has died. Her publicist Billy James told The Associated Press that Melanie died Tuesday. With a voice that could shift from high-pitched and coy to a deep soulful rasp, Melanie wrote and sang hits including “Look What They’ve Done to My Song Ma" and “Lay Down (Candles in the Rain)." “I probably have a quirky way of writing, and I think I was misunderstood,” she told the Tennessean newspaper in 2014. Melanie was married to her manager and producer Peter Schekeryk from 1968 until his death in 2010.

Persons: Melanie, Billy James, Leilah, Beau Jarred, coy, I’ve, you’ve, “, ”, Paul Thomas Anderson's, Jimmy Fallon, Melanie Safka, Joan Baez, Janis Joplin, Ray Charles, Miley Cyrus, Peter Schekeryk Organizations: New, Woodstock, Associated Press, “, Tennessean, American Academy of Dramatic Arts, Party, Woodstock Music, Fair Locations: New York, Tennessee, U.S, Queens , New York, Greenwich, York, Europe, City

☆ Icon of the Seas: Why Americans Are Obsessed With Big Cruise Ships
▼ + stars: | 2024-01-25 | by ( Henry Wismayer | ) www.businessinsider.com time to read: +17 min

Love them or loathe them, giant cruise ships are among the most remarkable success stories of the mass tourism age. Rechristened the Mardi Gras, the first Carnival cruise ship sailed out of Miami that March. Cruise ships like the Icon of the Seas will spend the majority of their trip at sea. Eight years later, cruise ships such as the Diamond Princess became early incubators for COVID-19. Cruise Market Watch forecasts there will be 360 cruise ships in service at the end of this year, comprising less than 1% of the global commercial fleet.

Persons: Ted Arison, Arison, Pieter De Boer, Costa, Diamond, Aaron Saunders, We've, Sue Bryant, Z, sass, Emma Le Teace, YouTuber, David Foster Wallace, Harper's, Sarah Knorr, Bryan Comer, Karla Hart, Hart, Saunders, it's, Henry Wismayer Organizations: Port, Passengers, Mardi Gras, Mardi, Gras, Cruise, Royal Caribbean, Costa Concordia, Cruise Lines International Association, Broadway, CivicScience, Royal, Virgin, Business, Transport & Environment, Getty, International Council, Global Cruise, Global Cruise Activist Network, Cruise Market, Royal Caribbean International, New York Times, National Geographic, Financial Times Locations: Port of Miami, Caribbean, Miami, The Port, Tuscany, Italy, Royal Caribbean, TikTok, Panama, Bahamas, Brussels, Netherlands, Douarnenez, Venice, Dubrovnik, Croatia, Amsterdam, Juneau , Alaska, Skagway , Alaska, CocoCay, London

☆ How Did These Strange Songs Hit No. 1?
▼ + stars: | 2024-01-24 | by ( Lola Fadulu | ) www.nytimes.com time to read: 1 min

When Melanie’s “Brand New Key” debuted in 1971, some people were confused. What did the singer, who died on Tuesday at 76, mean when she sang about having a brand-new pair of roller skates and someone else having a brand-new key? Melanie told interviewers that she wrote the song in 15 minutes, after ending a 27-day fast, and that it was intended to be cute. It sounded strange, like a song out of time — Melanie said she intended it to hearken to the 1930s — sung with what could now be called a warbling “indie girl voice.” And it somehow hit No. 1 on the Billboard Hot 100.

Persons: Melanie’s, ”, Melanie, “ Don’t, — Melanie

☆ Zelenskyy's aides kept an emergency escape train on standby for him at the start of the war. He never took it.
▼ + stars: | 2024-01-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Zelenskyy's aides had a train ready for him to escape on in February 2022, a new book says. Zelenskyy refused to use the train and defiantly stayed to lead Ukraine's defense against Russia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAt the outbreak of Russia's full-scale invasion of Ukraine, President Volodymyr Zelenskyy's security service kept a train idling in Kyiv to enable a quick escape out of the city, according to a new biography. Ukraine's then-defense minister, Oleksiy Reznikov, said that Russia was trying to make Zelenskyy panic and run, according to Shuster.

Persons: Zelenskyy's, Zelenskyy, —, Volodymyr Zelenskyy's, Volodymyr Zelensky, Simon Shuster, Shuster, Ukraine's, Oleksiy Reznikov, Olena Zelenska, Pierre Crom, Viktor Yanukovych, Joe Biden —, Volodymyr Zelenskyy Organizations: Russia, Service, Reuters, Armed Forces of Locations: Ukrainian, Ukraine, Kyiv, Kyiv's, Russia, Poland, Armed Forces of Ukraine

☆ A passenger on the 9-month cruise lists things about cruises he finds bizarre, including a rubber duck scavenger hunt
▼ + stars: | 2024-01-23 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

Read previewOne of the most popular characters aboard Royal Caribbean's nine-month-long Ultimate World Cruise is about to disembark — but before doing so, he shared a list of things about cruise culture he finds bizarre. In the case of the Ultimate World Cruise, Sebastian said that title has been given to none other than Whoopi Goldberg. According to Cruising Ducks, the rubber duck scavenger hunt started in 2018 when a 10-year-old passenger on the Carnival Breeze cruise hid 50 ducks aboard the ship. The fad became so popular that there are now entire Facebook groups dedicated to sharing photos of rubber ducks discovered on cruises and their hiding places. "Let me tell you, they are not shy about sucking the whole pool down right into the ocean and then sucking up some new water," Sebastian added.

Persons: —, Royal, TikToker Marc Sebastian, Sebastian, Simon & Schuster, Whoopi Goldberg's, TikToker, gasped, Nadine Bower, Audrey Hepburn, Martha Stewart, Whoopi Goldberg, Whoopi, Goldberg, he's, David Bond, Marc Sebastian Organizations: Service, Business, TikTok, Simon &, Titanic, Cruise, Royal, Cruising Ducks, Royal Caribbean Group

☆ The hardest thing about being a twin mom is how lonely it can be
▼ + stars: | 2024-01-20 | by ( Kat Storr | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. We found out I was carrying two babies at the 12-week ultrasound for my second pregnancy. When I say I felt lonely, I don't mean in the physical sense of being alone. It emphasized the fact that they had no idea of the reality of life as twin parents. I'm polite, so no matter what I wanted to say, I'd always smile, thank them, and walk on.

Persons: —, You've Organizations: Service, Business

☆ Deadlifts, squats, and bench presses can cause pain or injury if done incorrectly. A physical therapist explains how to avoid common mistakes.
▼ + stars: | 2024-01-18 | by ( ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLifting weights is great for your health — but a wrong move can put too much stress on your joints instead of your muscles, leaving you with pain instead of gains. Proper form can help you lift more effectively and avoid the most common gym injuries, according to a physical therapist. Many people struggle with a lack of ankle mobility in the squat, setting them up for inefficient form, Simeonovski said. For example, when bench pressing, aim to keep the elbows around a 45-degree angle instead of directly out to the side in a T shape to correctly engage the chest muscles instead of stressing out the shoulder joint.

Persons: —, Andrey Simeonovski, Simeonovski, they're, it's Organizations: Service, Business

"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.

Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, —, Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut

☆ 'Buy on the dips': Morgan Stanley names its favorite stocks in European tech
▼ + stars: | 2024-01-17 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Those themes can "drive earnings momentum throughout this year, especially in 2H24," Morgan Stanley's analysts led by Lee Simpson wrote in a Jan. 11 research note titled "2024 Outlook: buy on the dips." The stocks are listed in the order of Morgan Stanley's preference in the table above. ASML The Dutch semiconductor equipment maker made Morgan Stanley's list, with a 12-month price target of 700 euros ($764.26), giving it around 7.8% upside. They expect the stock to "outperform on recovery" and thus gave it a target price 48 euros, or 20.8% upside potential. VAT Group This German company was among Morgan Stanley's top stocks, thanks to its exposure to the memory segment.

Persons: Morgan Stanley, Morgan, Lee Simpson, Morgan Stanley's, Besi, STMicroelectronics Morgan Stanley, — CNBC's Michael Bloom Organizations: Wall Street Bank Locations: 2H24, upcycles

☆ As diversity, equity and inclusion comes under legal attack, companies quietly alter their programs
▼ + stars: | 2024-01-14 | by ( ) www.cnbc.com time to read: +8 min

But others have targeted decades-old diversity programs that anti-affirmative action advocates have long tried to dismantle. said Danner-Okotie, who received $10,000 from a separate Fearless Fund grant. The Fearless Fund, Danner-Okotie said, grasped her mission of designing clothes for American women looking to celebrate their African heritage. The outcome of the case could be a bellwether for similar diversity programs. But some have made changes to diversity programs to try to protect them from legal scrutiny.

Persons: Sophia Danner, Okotie's, Fearless, Claudine Gay, Harvard Universitys, Erin Clark, Christopher Rufo, Harvard's, Rufo, George Floyd's, Danner, Okotie, Edward Blum, Morrison Foerster, Perkins Coie, Reagan, Dan Lennington, Lennington Organizations: Harvard, Harvard University, Boston Globe, Twitter, Black, Latina, American Alliance for Equal Rights, Disney, Pfizer, Comcast, Wisconsin Institute for Law & Liberty, Wisconsin Institute, U.S . Department, Business Enterprise Locations: America, Atlanta, India, Nigeria

☆ Consumer prices are cooling, but BlackRock bets on inflation-protected bonds for the long term. Here's why
▼ + stars: | 2024-01-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Inflation-protected bonds may be the last thing on investors' minds amid cooling prices, but BlackRock is betting on the securities for the longer term. Due to that, BlackRock named inflation-protected securities one of its top 2024 strategic calls for those with a time horizon of five to 10 years. "We see inflation going through a roller coaster over a longer term," Li said. Buying TIPS Investors can buy TIPS in five-year , 10-year and 30-year terms through the TreasuryDirect website . BlackRock, which has a traditional TIPS ETF, also recently launched a suite of defined maturity TIPS ETFs last fall.

Persons: Wei Li, Li, BlackRock, We've Organizations: BlackRock, Bank of America Securities, U.S . Bureau of Labor Statistics, Federal Locations: redemptions, U.S

☆ I had my kids at 38 and 41. I had time to figure out my life, but I also worry about them having 'old parents.'
▼ + stars: | 2024-01-04 | by ( Caitlin Weaver | ) www.businessinsider.com time to read: +4 min

I had my first child at age 38 and the second at 41. What I didn't anticipate, though, was that there are also many benefits to having children later in life. But somehow, we've been able to recognize each other as part of the same secret society of older parents. AdvertisementI also often find myself editing the way I talk around other, younger parents . Because although being an older parent can be a mixed bag, it's one I'm very grateful to have been handed.

Persons: I'd, Caitlin Weaver, we're, I've, we've, I'm

How the Russian Government Silences Wartime DissentJust days after invading Ukraine, President Vladimir V. Putin of Russia signed a censorship law that made it illegal to “discredit” the army. The indignities of the crackdown, and the long arm of the Russia law, is being lost in the numbers. Nanna Heitmann for The New York TimesIn dry legalese, the court documents recount the Russian state’s case against these statements and protests. People’s “negative assessment” of the Russian military could adversely affect its performance, the court said, presenting a national security risk. And I very much don’t want this.”Sergei Platonov at district court in Moscow listening to his guilty verdict in November.

Persons: Vladimir V, Putin, ”, — schoolteachers, —, That’s, Ukraine —, pollsters, Andrei Kolesnikov, Demyan, Aleksandr T, Olga V, ” Maksim L, Omsk Diana I, Denis V, Russia ”, “, Maksim P, Anna S, Maria V, people’s “, Russia’s, Zaynulla Gadzhiyev, Mr, Bespokoyev, Marina Tsurmast, scrawled, Nanna Heitmann, Tsurmast, Gadzhiyev, Vladimir Kara, Murza, Aleksandra Y, Skochilenko, Selimat, Vladimir A, Rustam I, ” Yelena L, Aleksandr K, Olga P, Dmitri D, Sergei V, Eve, Daria Ivanova, Ms, Ivanova, “ you’ll, Anton Redikultsev, Redikultsev, Jan, Marina, Sergei P, ” Yuldash, ” Dmitri S, Peskov, Putin’s, Sergei Platonov, Platonov, Russian Gestapo ”, Polina, Kolesnikov, Anna Sliva, Sliva Organizations: New York Times, Times, Carnegie Russia Eurasia Center, OVD, Penza Yuriy V, Russia, ”, Ukraine ” “, YouTube, Bucha, Ukraine, Police, The New York Times, Armed Forces, Russian Federation, VK, Russian Gestapo, The New York Locations: Russia, Russian, Ukraine, “, Omsk, Peace, Ukraine ” “ Ukraine, Bucha, Moscow, St, Petersburg, Iglino, ”, Novosibirsk, Siberia, Crimea, Ukrainian, Kalga, Russia’s, OVD, Coast, Primorye, Soviet

☆ I'm so 'touched out' by my 3 children that I don't even want my husband to touch me
▼ + stars: | 2023-12-28 | by ( Kat Storr | ) www.businessinsider.com time to read: +4 min

Read previewOne of the best things about being a mom is the delicious cuddles and kisses you get from your children. I'm 'touched out'I had never heard of the term "touched out" before I became a parent, but I soon became familiar with it when I was breastfeeding our firstborn. My husband doesn't feel how I doSadly, this has extended to my husband, too. This means he rarely feels touched out, while I have come to associate touch with meeting people's needs. I feel like being touched out is just another example of what a roller coaster parenthood is.

Persons: —, I'm, it's, We've Organizations: Service, Business

☆ Why we see a way forward for Nvidia in China — plus our take on 2 other stocks in the news
▼ + stars: | 2023-12-13 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Meanwhile, Jim Cramer's interview with an influential member of President Joe Biden's cabinet proved encouraging for Club holding Nvidia . It's been a two-session roller-coaster ride that illustrates the importance of staying disciplined and not chasing stocks while they're surging for non-fundamental reasons. Traders were trying to front-run the official announcement, pushing Linde stock up 4.53% Tuesday, to an all-time high of $426.72 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Nvidia CEO Jen-Hsun Huang at the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017.

Persons: Linde, Jim Cramer's, Joe Biden's, It's, Pfizer's, drugmaker Seagen, there's, Gina Raimondo, Jim, Biden, Raimondo, " Raimondo, Cigna, Humana's, —, Humana, Aetna's, Jim Cramer, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Club, Nvidia, LIN, Linde, Nasdaq, Traders, . Commerce, U.S, Bank of America, Wall Street Journal, Humana, CNBC, Consumer, Audi, Getty Locations: China, U.S, Wall, Las Vegas, USA

☆ A Duffel Bag for $2,000? For Some Travelers, It’s a Lifelong Investment
▼ + stars: | 2023-12-05 | by ( Donna Bulseco | ) www.wsj.com time to read: 1 min

For the Baggage Claim series, seasoned travelers unpack their devotion to a favorite piece of luggage or travel accessory. ROLLER BAGS might be efficient, but traveling with a duffel bag suits Tucker Marshall just fine—especially when it’s made in rich, chestnut-hued Italian leather, like the Ghurka carry-on he loves most. Marshall, 47, the chief financial officer of the J.M. Smucker Co., believes luggage should be an investment. “It’s your uniform; it’s the way you deliver your business,” said the Orrville, Ohio-based executive, who has toted Ghurka’s Cavalier II No.

Persons: Tucker Marshall, it’s, Marshall, “, ” Locations: Smucker, , Ohio

☆ OpenAI COO Brad Lightcap talks about ChatGPT launch, Dev Day and how Sam Altman thinks
▼ + stars: | 2023-12-04 | by ( Hayden Field | ) www.cnbc.com time to read: +23 min

And I think that's just a testament to the world being really big and messy, and that these systems are still evolving, they're still really in their infancy. That may be a thing that's useful in your work, or maybe a thing that's useful in your life, or it may just be a fun thing – it may just be that you create a funny GPT and it's a cool thing to have. High-level, we always knew that we wanted to have a structure that, at its core, retained the original OpenAI – the OpenAI nonprofit. So that's the first thing to understand, I think, about OpenAI: It's not a normal company in that sense. We have shared that we have an initial board now, and expect to add more board membersWhat's the general mood like at the company right now?

Persons: OpenAI, Sam, Altman, Brad Lightcap, Lightcap, ChatGPT, OpenAI's, Bret Taylor, Larry Summers, Adam D'Angelo, Dev Day, DALL, we'd, doesn't, haven't, they've, – there's, There's, …, We're, we've, Dev, It's, You've, Sam Altman, reappointment Organizations: CNBC, Fortune, Microsoft, ChatGPT Enterprise, OpenAI, OpenAI's Locations: San Francisco

☆ Resurgent S&P 500 crests new 2023 closing high after roller-coaster year
▼ + stars: | 2023-12-01 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark index closed at 4,594.63, nearly 6 points above its previous closing high for 2023 set in late July. The S&P 500 is up over 19% year-to-date after posting its biggest monthly rise in over a year in November. The S&P 500 reached its previous 2023 closing high on July 31, also spurred in part by excitement over developments in artificial intelligence technology. The megacaps' outperformance has increased their combined weight to well over one-fourth of the entire S&P 500, meaning the stocks' moves have outsized influence on the benchmark index. The S&P 500 currently trades at roughly 19 times forward earnings estimates, compared to a historical average of 15.6 times.

Persons: Mike Segar, Jerome Powell, Stocks, Lewis Krauskopf, Noel Randewich, Saqib Iqbal Ahmed, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal, Valley Bank, Citigroup, Microsoft, Nvidia, Thomson Locations: Lower Manhattan, New York, U.S

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